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Cash withdrawal in transporter line for 1crore


atish gaur   20 January 2020

atish gaur

 2 points

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I have managed a transporter company . I have cash withdrawal above 1 core .plz help me

avater

rama krishnan   21 January 2020

rama krishnan

 909 likes  9771 points

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Section 194N is applicable in your case and tds at the rate of 2% would've been deducted on sum withdrawn in excess of 1 crores, by the bank. the same can be claimed at the time of filing ITR


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